This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $104k initial cash invested.
-16.9%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$2,092
Rent
-$1,464
Cashflow
Cash Flow
$2,092 income − $3,556 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,092
Total Expenses
$3,556
Mortgage P&I
129%
$2,704
Property Taxes
6%
$134
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0